Property profile

51531 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Warehouses
Property ID
US43-1226794
4,128 SF 10.2 ac lot Built 1991
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9.6-acre commercial land parcel presents a unique investment opportunity in Chesterfield, Michigan. Strategically located at 51531 Gratiot Avenue, this property boasts high visibility due to its frontage along Gratiot Avenue and its proximity to 23 Mile Road. The site is currently vacant and zoned M-2, offering considerable flexibility for a range of commercial developments. A conceptual plan suggests potential for future storage facilities, though this is not a binding commitment. Access to the property is ensured via a shared curb cut along Gratiot Avenue, provided by the seller. The asking price is $799,000. This prime location in Macomb County, with its easy access to major thoroughfares, makes this land ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and zoning provide ample opportunity for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs alike. Detailed site plans and zoning information are available upon request. The property is situated behind the New Tidal Wave Auto Spa, providing additional visibility and potential synergy. This is a rare opportunity to acquire a significant commercial land parcel in a thriving area. Don't miss out on this chance to secure a prime location for your next venture. The zip code is 48051.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1991
Total area 4,128 SF
Lot 10.2 ac (444,312 SF)
Zoning code M2 GEN
APN 15-09-17-326-007
UPID US43-1226794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping General Contractor

Location

51531 Gratiot Ave Chesterfield, MI 48051-2064
Chesterfield metro Census 222103 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$595k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.35M

Owner & transaction history

since 2023
Last sale
$1.3M
2 recorded transactions
2023
$1.3M
2022
Price N/A

Zoning & alternative use

M2 GEN · Chesterfield, MI
Top alternative use upside
Retail stores $765,000 +175.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51531 Gratiot Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message